and you thought the late 80s crash was bad!

[joyful]

http://img171.imageshack.us/img171/9059/homepagenh6.png

If you draw a line through the troughs (ACTUAL house prices?) it looks like house prices are due to fall to around 50% in five years time.! I might actually get on the property ladder when I'm 40.

http://www.housepricecrash.co.uk/

[matthew84]

Yes, I agree, particularly if you take into account restricted lending and the Buy to Let brigade off-loading their properties as fast as they can as yeilds drop too.

It's very worrying. And there is hyper-inflation in food, gas, transport, council tax and debt.

I think prices may fall very fast and the unravelling to 30 or 40 per cent drops might not take five years to materialise. Personal indebtedness will make many sellers time pressured. Grouping together and buying properties with land may be the only viable solution for many people in the near future. IMHO